Euro Stabilizes Against Yen Amid Coordinated Intervention

The euro has remained relatively flat against the Japanese yen today, trading at ¥181.92, despite sitting above its key short- and medium-term moving averages.

This stability is largely due to a coordinated intervention in foreign exchange markets by Japanese and U.S. authorities, which aimed to curb rapid yen depreciation.

The Bank of Japan's continued rate hikes since 2024 have provided sustained policy support for the yen, contributing to its stability.

Bullish momentum indicators signal near-term bullish bias, with a 61% probability assigned to an upward breakout within the next 2-3 trading days.